Crain’s New York Business reports that New York nonprofits are reporting drops in income ranging from 10% to an astonishing 70%.

WAKE UP CALL: Cutting costs is a reactionary response that will not help nonprofits set themselves up for success. Now is the time to re-assess your mission, strategy, services and business model, identify organizational competitive advantages, seek opportunities for collaboration and ways of creating more impact so that your organization is more, rather than less, valuable to donors and the people it serves.